Electricity Bill Account

Financing Options

Cash

Purchase the system outright with cash. You own the system and keep tax credits and incentives.

Solar loan

Pay for the system with a loan which is paid back to the bank each month. You own the system and keep tax credits and incentives.

PACE financing

A loan for solar that is provided by your city which is paid back through property taxes. You own the system and keep tax credits and incentives.

Equity loan

Use regular equity loans to pay for the solar system, just like any other building improvement. You own the system and keep tax credits and incentives.

Solar Lease

Lease the solar system and pay a monthly bill to use them (similar to leasing a car). The lessor maintains the system over the duration of the contract. You do not own the system, and do not receive the tax credits and incentives.

Power Purchase Agreement (PPA)

You purchase the electricity produced by the solar system that is owned by the lender. The lender maintains the system over the duration of the contract. You do not own the system, and do not receive the tax credits and incentives.